InMode Ltd..
INMD.US | Manufacture of medical and dental instruments and supplies
InMode Ltd. is a global medical device company that designs, develops, manufactures, and markets innovative, energy-based, minimally invasive surgical and non-invasive aesthetic solutions. The company's technology is based on its proprietary radio-frequency (RF) technology, which it uses to create a...Show More
Better Health for All
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InMode Ltd. manufactures medical devices for aesthetic solutions, which are not described as having significant positive or negative health impacts in their core function. The company has a significant safety record with multiple reported adverse events. In June 2021, a patient suffered a full-thickness (3rd-degree) burn on the right cheek from an EVOKE CHEEK device.
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In June 2022, another patient experienced skin discoloration and striping after Lumecca IPL treatment, requiring intervention.
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The company only recently began submitting required malfunction and injury reports to the FDA, indicating a historical lack of transparency regarding risks.
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Fair Money & Economic Opportunity
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No evidence available to assess InMode Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess InMode Ltd. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess InMode Ltd. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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InMode had 2 financial restatements in the past five years.
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The company states that three of its five directors meet Nasdaq independence standards, which means 60% of the board is conflict-free.
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However, concerns were raised about board independence due to business relationships between directors and the company's founder, Moshe Mizrahy, who also received $264,000 in consulting fees in 2023.
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The company is in the process of implementing policies and procedures to ensure compliance with anti-corruption laws like FCPA and the Bribery Act, but these policies are not yet fully implemented or described in detail regarding international and high-risk market guidance.
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Kind to Animals
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InMode Ltd. generally engages in animal testing.
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For a specific FDA submission regarding its Morpheus8 Applicators, an ex-vivo tissue study was conducted on harvested porcine tissues, and no new animal performance data was submitted.
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However, the company's overall animal testing policy is not explicitly detailed, and there is no evidence of a robust policy or measurable goals for reduction.
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The company's devices are described as non-invasive and minimally invasive, eliminating the need for chemicals or excisional surgery using anesthesia.
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No War, No Weapons
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No specific, concrete evidence was found in the provided articles to assess InMode Ltd. against any of the KPIs for the 'No War, No Weapons' ethical value. The articles primarily contain basic company registration details and explicitly state the absence of information relevant to the scoring categories.
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Planet-Friendly Business
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In 2022, the company's total Scope 1, 2, and 3 greenhouse gas emissions were 3,245 metric tons CO2 equivalent.
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This represents a 12.6% reduction in carbon emissions compared to the previous year.
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Respect for Cultures & Communities
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No specific, concrete evidence was found in the provided articles regarding InMode Ltd.'s performance on any of the 'Respect for Cultures & Communities' KPIs. The articles consisted of a careers page
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, a promotional LinkedIn post
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, and an inaccessible SEC filing
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, none of which contained relevant data points for assessment.
Safe & Smart Tech
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No specific, concrete evidence was found in the provided articles to assess InMode Ltd. against any of the 'Safe & Smart Tech' KPIs. The articles either lacked relevant information or provided only general statements without the specific quantitative data required by the rubric for scoring. For example, while a privacy policy was provided, it lacked details on specific user control mechanisms, data minimization practices, or regulatory compliance outcomes.
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The FDA document focused on a specific device's design and safety, not the company's overall cybersecurity investment, data breach history, or AI ethics governance.
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Zero Waste & Sustainable Products
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No evidence available to assess InMode Ltd. on Zero Waste & Sustainable Products.